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Sunday, November 12, 2006

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Mobile phone maker Motorola Inc. agreed to acquire privately held mobile software company Good Technology Inc. for an undisclosed sum, the two companies said on Friday.

Good Technology is one of several companies that compete with Research in Motion's wildly popular Blackberry e-mail service.

Motorola and Good Technology, which already have a business relationship on mobile messaging, said Good Technology's wireless messaging and data access services will boost Motorola's mobile computing capabilities and help increase its client base.

Good Technology President and CEO Danny Shader said Motorola was an ideal partner due to its global reach, scale, and brand recognition.

The Silicon Valley start-up has been well-funded, receiving more than $200 million in funding over six years from backers including top venture fund Kleiner Perkins Caufield & Byers.

The acquisition is expected to close in early 2007, they said.

Motorola (up $0.15 to $21.35, Charts) shares edged higher in afternoon trade Friday on the New York Stock Exchange.

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